Business View Caribbean | Volume 8, Issue 7

9 BUSINESS VIEW CARIBBEAN VOLUME 8, ISSUE 7 The Youth Innovation Lab in Trinidad will impact 200 young people in 2021, providing state-of-the- art innovation and technology training, access to collaboration spaces and more, promoting STEM education and entrepreneurship. T he Trust for the Americas, in partnership with the Caribbean Industrial Research Institute (CARIRI) and Citi Foundation, hosted a virtual event to announce and promote the new Trinidad & Tobago DIA Lab. With this DIA Lab, The Trust for the Americas implements activities to promote development for the first time in this Caribbean country. Young innovators and disruptive entrepreneurs will create low-cost, high-impact, high-quality innovation solutions that generate affordable access and livelihood opportunities for their communities on a long-term sustainable basis. According to the Inter-American Development Bank, approximately one in five youth between the ages of 15 to 24 in the Caribbean are not in school nor part of the workforce. This project will trigger empowerment and innovation among Caribbean youth by giving them digital and entrepreneurial skills, crucial elements for economic growth. CARIRI’s Human Resource Manager, Ms. Denise Ferguson declared: “Building capacity in Trinidad and Tobago has always been at the forefront of CARIRI’s mandate. This new initiative will allow us to expand our scope into an area that allows at- risk youth to become entrepreneurs, ideators, and innovators”. Mitch De Silva, Trinidad & Tobago Citi Country Officer, followed the incredible virtual tour and presentation and during his speech, declared: “We are proud to be part of the development of strong sustainable communities and Citi Trinidad & Tobago is pleased to be part of Citi Foundation’s Pathways to Progress global initiative to prepare KICKSTARTING THE DIA YOUTH INNOVATION LAB IN TRINIDAD AND TOBAGO young people with the career readiness tools and opportunities needed to thrive in today’s economy. We believe this will help them build an entrepreneurial mindset and acquire leadership skills which will ultimately benefit their families, communities, and the country.” In 2016, Citi Foundation and The Trust launched the DIA Urban Labs for Youth Innovation in Jamaica. From 2016 to 2020, over 1,350 youth received training and access to the state-of- the-art technology to solve challenges in their communities. In that context, The Institute of Law & Economics shared experiences and lessons learned from the DIA Lab in Jamaica. Linda Eddleman, CEO of The Trust for the Americas, mentioned that “this is a very important day at The Trust because we are launching the first program in Trinidad and Tobago in our 20-year history. Working with CARIRI and with the support of Citi Foundation and the Organization of American States, we know that this project will help change the lives of many young people, and in turn We believe this will help them build an entrepreneurial mindset and acquire leadership skills which will ultimately benefit their families, communities, and the country OPENING L INES